Saturday, Apr 20 2024 | Time 17:37 Hrs(IST)
image
Business EconomyPosted at: Jan 19 2018 7:56PM


Corporate India to see more accountability and transparency: Jaitley

New Delhi, Jan 19 (UNI) Arun Jaitley, Union Minister for Finance and Corporate Affairs said on Friday that the initiative of launching of the National CSR Data Portal and Corporate Data Portal is a significant step towards driving accountability and transparency for corporate India.
While launching the National CSR Data Portal & Corporate Data Portal, Finance Minister said by making the portals accessible to general public, it will ensure high level of compliance and also in institutionalising and consolidating the CSR activities.
On the occasion, P P Chaudhary, Minister of State for Corporate Affairs and Law & Justice, said that both the portals reflect the government’s commitment towards leveraging technology towards smart governance.
He suggested that CSR project should be geo-tagged and aimed at seeing the poorest of the poor.
Chandrajit Banerjee, Managing Trustee, National Foundation for Corporate Governance (NFCG) and DG, CII, spoke about the importance of the legislation on CSR and how Indian industry has responded spontaneously to it. He added that the Corporate Data Portal would help in becoming a potent enabler for greater transparency and creation of tools for stronger Corporate Governance. He expected that the portals would also become platforms for learning and sharing of ideas and information.
Injeti Srinivas, Secretary, Corporate Affairs, stated that the dual launched had created a landmark in bringing about 100 percent transparencies in corporate governance by making public over 4-crore filings of nearly 1.2 million companies.
He added that the two portals would promote corporate transparency and accountability to public at large and also facilitate social audit of CSR projects, besides bringing together CSR contributors, implementers and beneficiaries and aligning CSR activities with national development goals.
The National CSR Data Portal will capture information on CSR activities carried out by eligible companies, filed on the MCA21 registry in their financial statements. The filed information provides a snap shot of CSR activities carried out by companies.
The CSR portal contains all filed information, which can generate pre-defined reports with respect to expenditure across states, districts, development sectors, etc. The Portal also provides for feedback on projects to be given by registered users. The open access to data is expected to help researchers, improve quality of data filed by companies, as well as involve intended beneficiaries in giving valuable feedback to companies.
While the Corporate Data Portal aims at making all the financial and non-financial information of the companies available in a user friendly format to the general public. It also has facility to generate pre-defined reports and also customised reports.
UNI ADP ADG 1955
Please log in to get detailed story.
Tags: #Corporate India to see more accountability and transparency: Jaitley
More News

Kottayam-Kochi Rubber Market Rates

20 Apr 2024 | 4:46 PM

Kottayam, Apr 20 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Saturday per quintal.

see more..
ICICI Bank strengthens support for senior citizens in Bengal

ICICI Bank strengthens support for senior citizens in Bengal

20 Apr 2024 | 1:29 PM

Kolkata, April 20 (UNI) The ICICI Bank has announced a range of initiatives to make banking more convenient to its senior citizen customers in West Bengal.

see more..

IREDA nets all-time high at Rs 1,252 23 cr in FY24

19 Apr 2024 | 8:38 PM

New Delhi, April 19 (UNI) Indian Renewable Energy Development Agency Ltd. (IREDA), the nation's largest pure-play green financing NBFC, Friday announced an all-time high net profit of Rs. 1,252.23 crore in 2023-24, a 44.83 per cent jump over the previous fiscal year 2022-23.

see more..

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
image